Acquisitions and Investment (Tables)

6 Months Ended

Dec. 31, 2017

II-VI Compound Semiconductor Ltd (Kaiam Laser Limited, Inc)

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the preliminary allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition, as the Company intends to finalize its accounting for the acquisition of II-VI Compound Semiconductor Ltd. within one year from the date of acquisition ($000):

Assets
Accounts receivable	$	79
Inventories		4,559
Prepaid and other assets		1,246
Property, plant & equipment		63,899
Intangible assets		4,046
Goodwill		19,670
Total assets acquired	$	93,499
Liabilities
Accounts payable	$	751
Other accrued liabilities		2,486
Deferred tax liabilities		10,797
Total liabilities assumed		14,034
Net assets acquired	$	79,465

Integrated Photonics, Inc

Allocation of Purchase Price of Assets Acquired and Liabilities Assumed

The following table presents the preliminary allocation of the purchase price of the assets acquired and liabilities assumed at the date of acquisition, as the Company intends to finalize its accounting for the valuation of property, plant and equipment, identifiable intangibles and deferred income tax liabilities and anticipates completion of the valuation within one year from the date of the acquisition ($000):

Assets
Accounts receivable	$	2,083
Inventories		3,968
Prepaid and other assets	322
Property, plant & equipment		11,235
Intangible assets		23,554
Goodwill		17,503
Total assets acquired	$	58,665
Liabilities
Accounts payable	$	847
Other accrued liabilities		1,032
Long-term debt assumed		3,834
Deferred tax liabilities		9,802
Total liabilities assumed		15,515
Net assets acquired	$	43,150

Purchase Price at the Date of Acquisition

The following table presents the preliminary purchase price at the date of acquisition ($000):

Net cash paid at acquisition	$	40,098
Working capital adjustment		837
Fair value of cash earnout arrangement		2,215
Purchase price	$	43,150

Nonconsolidated Investment

Schedule of Equity in Nonconsolidated Investment

The following table summarizes the Company's equity in the nonconsolidated investment:

	Interest	Ownership % as of	Equity as of
Location	Type	December 31, 2017	December 31, 2017 ($000)
USA	Equity Investment	93.80%	$	54,835